Why it pays to keep your adviser accountable

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If you’ve been following my blogs you will know that I am a strong advocate for financial planners and the importance of seeking professional advice. However, financial advice is not a ‘set and forget’ exercise. You should still retain an element of personal responsibility for your own finances and you should definitely keep your adviser accountable for their ongoing service.

Here’s a really good example of why you should meet with your adviser at least once a year…

A client (let’s call ...

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Cutting through the fake news

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No matter how much the world around us changes (seriously, 2020 has been one hell of a ride), there are a few things that never do – the misconceptions around life insurance!

I’ve worked as an adviser for 8 years, and in finance for even longer, and I still hear the same excuses for not getting covered and the same ‘fake news’ about why people think it’s not for them.

It’s time to fact check some of those ideas!

I’m single – I ...

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The consequences of accessing your super early

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There’s an old saying in the financial world – if it sounds too good to be true, it probably is. I can’t think of a better way to describe the Government’s COVID-19 early superannuation release scheme. The chance to withdraw thousands of dollars from super proved so tempting that literally millions of Aussies have already applied for the program, in total withdrawing (so far) more than $33 billion in funds.

But while this money was intended to help people who had ...

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All my plans and ambitions disappeared in a matter of minutes

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Erin Benjamin had just celebrated her 30th birthday. She was working in a fast-paced, high profile job in financial services and recently married with plans to start a family. Then Erin had a stroke.

“All of my plans and ambitions disappeared in a matter of minutes,” says Erin. “My work, my possibility of becoming a mother and my ability to do three of my favourite things – run, read and write – were gone, without any clear idea of what I ...

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What to do with your money in a corona-crisis

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Are you like me and suffering from serious information overload at the moment? It seems like everyone you speak to has an opinion about how quickly things will return to ‘normal’, what the economic impact is going to be long-term, and whether you should invest in a lifetime’s supply of toilet paper.

Let’s face it – none of us have been through anything like this before. So no-one is going to have all the answers. But what you can do is ...

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What’s the scariest thing you can imagine?

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Welcome to a new year and a new decade! One of the things the Monarch team particularly looks forward to each new year is seeing how our clients have progressed along their financial journey. Life is always throwing surprises at us – some good, some not so good – but when you have a solid financial plan in place, you don’t have to be worried about what the future may bring.

Which brings me to the topic of our first blog ...

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What are you paying for?

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You might have noticed there have been a few reports in the media (again) about life insurance commissions. As you know, I’m extremely proud of the work the Monarch team does and firmly believe in the role financial advice plays in helping people secure their financial future. Which is why I felt it was important to outline just some of the ways we add value to our clients…

What we do – Build a strategy

Our role is not simply to get ...

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How much is too much?

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I know I’ve previously shared my thoughts on asking strangers to pay for your medical bills (see: Is crowdfunding your medical bills fair?), but a recent story has persuaded me to revisit the issue again. This article highlights just how much people underestimate the cost medical treatment in Australia, which is ultimately one of the main reasons that people turn to crowd-funding sites.

You might have heard about Milli, a 12 year old from Perth whose family was trying ...

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Lessons from Japan

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I love travelling overseas! It’s awesome to be able to experience other cultures and see the way other people live. Take my recent trip to Japan and Korea. Aside from the fascinating history, incredible food and gorgeous scenery, I was really intrigued by the Japanese people. It never ceases to amaze me how different people can be, depending on where they grew up ...

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Life is what happens when you’re busy making other plans

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“Life is what happens when you’re busy making other plans.”

You’ve probably heard this John Lennon quote before. But have you ever noticed how true it really is? You could have your ideal milestones all mapped out, from your first career steps to the age you think you’ll be ready to get married and have kids, right through to when you’d like ...

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